U.S. inflation · 2016–2024
$100 in 2016 has the same buying power as
$131
in 2024
| Cumulative price change | 30.7% |
|---|---|
| Average inflation rate | 3.40% per year |
| Converted amount ($100 base) | $131 |
| Price difference ($100 base) | $30.70 |
| CPI in 2016 | 240.007 |
| CPI in 2024 | 313.689 |
| Inflation in 2016 | 1.26% |
| Inflation in 2024 | 2.95% |
| $100 in 2016 → 2024 | $131 |
| $100 in 2024 → 2016 | $76.51 |
Between 2016 and 2024, the Consumer Price Index went from 240.007 to 313.689. Cumulatively, prices increased 30.7%, which works out to an average of 3.40% per year. Put differently, a dollar in 2016 bought what $0.77 buys in 2024.
| Amount in 2016 | Value in 2024 |
|---|---|
| $1.00 | $1.31 |
| $5.00 | $6.53 |
| $10.00 | $13.07 |
| $20.00 | $26.14 |
| $50.00 | $65.35 |
| $100 | $131 |
| $500 | $653 |
| $1,000 | $1,307 |
| $5,000 | $6,535 |
| $10,000 | $13,070 |
| $100,000 | $130,700 |
| $1,000,000 | $1,306,999 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2016 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 2016 → |
|---|---|---|
| All items (CPI-U) | 3.40% | $131 |
| Energy | 4.98% | $147 |
| Transportation | 4.19% | $139 |
| Housing | 4.01% | $137 |
| Food | 3.65% | $133 |
| Core (all items less food & energy) | 3.22% | $129 |
| Medical care | 2.47% | $122 |
| Recreation | 2.10% | $118 |
| Education & communication | 0.61% | $105 |
| Apparel | 0.53% | $104 |
| Year | CPI | Inflation rate | $100 from 2016 |
|---|---|---|---|
| 2016 | 240.007 | 1.3% | $100 |
| 2017 | 245.12 | 2.1% | $102 |
| 2018 | 251.107 | 2.4% | $105 |
| 2019 | 255.657 | 1.8% | $107 |
| 2020 | 258.811 | 1.2% | $108 |
| 2021 | 270.97 | 4.7% | $113 |
| 2022 | 292.655 | 8.0% | $122 |
| 2023 | 304.702 | 4.1% | $127 |
| 2024 | 313.689 | 2.9% | $131 |
MLA: “Inflation from 2016 to 2024: $100 is worth $131 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2016-to-2024/
APA: InflationCalculator.com. Inflation from 2016 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2016-to-2024/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.